These Special Bonds Will Crush AI Stocks For The Rest Of 2024 [Forbes]
Western Asset Emerging Markets Debt Fund Inc (EMD)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-emerging-markets-debt-fund-inc.html
Company Research
Source: Forbes
Sounds ridiculous, right? Well, it's one of those seemingly weird calls that's absolutely on the table after the first Fed rate cut drops—a date that, if futures traders are right, will arrive as soon as June: June Rate Cut Odds Here's where emerging-market bonds come in: When rates drop, the US dollar gets banged up—it always does. That will light a fire under EM bonds. And given that the dollar has been en fuego for the past decade, the greenback's drop could very well be swift. Heck, you can already see it starting to happen: US Dollar Pullback Starting You can see the dollar starting to flag on the right side of that chart. A weak buck is a big catalyst for EM bonds. Foreign countries and companies often borrow in US dollars, rather than their own currency. But they still have to service the debt in their own currency, or buy US dollars to do it, and a burlier US dollar makes that more difficult. Thus, EM bonds suffer when the dollar is rising, which is why it's b
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EMD
News
- Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of DistributionsBusiness Wire
- Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) Announces Portfolio Management Team UpdateBusiness Wire
- Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of DistributionsBusiness Wire
- Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of DistributionsBusiness Wire
EMD
Sec Filings
- 3/11/24 - Form N-CEN
- 3/1/24 - Form N-CSR
- 2/23/24 - Form NPORT-P
- EMD's page on the SEC website